Feeds

SpinVox offers pounds of own flesh to staff

In lieu of actual spendy pounds

SANS - Survey on application security programs

Voicemail transcription service SpinVox is offering staff share options over the summer instead of boring old wages - though the company is keen to emphasise this is about shared ownership rather than running out of money.

The offer came in a mail sent out to employees and is cited as a reaction to the credit crunch. No one is required to take advantage of the offer. Sources claimed the email said the move was necessary to avoid redundancies and some are taking the mail as an indication that the company has burnt through the $100m it raised in March last year.

SpinVox's business model relies on doing deals with network operators, something they've never managed to do in the UK despite being based in Buckinghamshire.

The premise is voicemail transcribed into text messages, with the transcription being done by machine with the support of humans for difficult bits. It's not clear quite how effective the transcription engine, "D2" as SpinVox terms it, or how many users actually want their voicemail transcribed, though some people swear by the service.

The company told us that it firmly believes in shared ownership, and that this move is just about allowing employees to own a little more of the company for which they work. It refused to comment on accusations that it's running out of cash. ®

3 Big data security analytics techniques

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.